The Pi Network price has surged 12% in the last 24 hours to trade at $1.66

This sharp rise in the PI price has made Pi Coin the No. 1 trending cryptocurrency on CoinGecko.

The Pi Network price has surged by 12% in the last 24 hours to trade at $1.66 as of 3:30 a.m. EST on a 5% jump in trading volume to $853 million.

This sharp rise in the PI price has made Pi Coin the No. 1 trending cryptocurrency on CoinGecko.

What Is Happening With The Pi Network Price Today?

The PI/USDT chart on the 1-hour timeframe presents a compelling bullish setup following a period of consolidation. Currently, the price stands at $1.57, having reached a daily high of $1.66 and a low of $1.48.

The price has been downtrending over the past few days, forming a descending channel before finding strong support at around $1.38 – $1.40. This support zone acted as a base for accumulation, leading to a bullish breakout.

The market structure now suggests a potential rally, with the next key resistance at $1.60 and a larger target price of $2.00, aligning with the breakout from an ascending triangle pattern. The ascending triangle is a well-known bullish continuation pattern, characterized by a series of higher lows converging toward a horizontal resistance level.

This breakout above the triangle’s upper boundary signals increased buying pressure.

If buyers sustain momentum, the price could sharply rise, targeting $1.80 as an intermediate resistance before testing the $2.00 psychological level. However, false breakouts are always a risk, so confirmation with sustained volume is crucial.

The Relative Strength Index (RSI) is at 77.71, which places the asset in the overbought zone. This indicates that while bullish momentum is strong, a short-term pullback could occur before upward movement.

Historically, an RSI above 70 often is usually followed by corrections as traders take profits, but if the RSI stays above 60, the trend remains bullish. The price also trades above key moving averages, which provides additional confirmation of an ongoing uptrend.

If the bullish breakout holds, the Pi Network price could continue its rally, pushing toward $1.80 and ultimately $2.00. However, if the breakout turns out to be a fakeout, a retracement to $1.38 – $1.40 is possible. A break below $1.38 would invalidate the bullish setup and could trigger a decline toward $1.20.

This AI Agent Pepe Presale Races Toward $8 Million – Best Crypto To Buy Now?

As the Pi Network price picks up momentum for another bullish rally, an AI Pepe hybrid crypto project called MIND of Pepe (MIND) continues to surge in its presale and has now crossed the $7.2 million milestone.

MIND of Pepe is an AI-powered platform that taps into hive-mind analysis to gather insights from a vast network of investors, especially those active on social media platforms like X.

MIND identifies valuable trading signals by analyzing market discussions and improves its accuracy through advanced AI models. It processes massive amounts of data, makes independent decisions, and adapts to market changes without relying on a central authority.

It also has a unique ability to create new tokens based on its predictions of the next big trend, giving holders exclusive early access. It interacts directly with blockchains and decentralized applications (dApps) as well, pushing the boundaries of AI in crypto.

Analysts are taking notice as an expert from the 99Bitcoins YouTube channel, with over 726K subscribers, predicts that MIND could surge 100X after launch.

In addition, investors are taking advantage of the project’s staking program that offers a huge 312% APY.

Those interested can get MIND at a low price of $0.0034955 per token before the next price increase. However, time is running out, and the current funding stage wraps up in just over 15 hours.

To buy MIND, visit the MIND of Pepe website, connect to a wallet like Best Wallet, and purchase tokens using ETH, USDT, BNB, USDC, or a bank card.

Visit the official MIND of Pepe website.